UPSX vs. PATX

Last updated Jun 4, 2026

UPSX (Tradr 2X Long UPST Daily ETF) and PATX (Tradr 2X Long PATH Daily ETF) are both Leveraged Equities funds from Tradr. UPSX is actively managed, while PATX is passively managed. At a 0.39 correlation, their price movements are largely independent. UPSX charges 1.30%/yr vs 1.49%/yr for PATX.

Performance

UPSX vs. PATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long UPST Daily ETF (UPSX) and Tradr 2X Long PATH Daily ETF (PATX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPSX

• 1D: -12.72%
• 1M: -15.45%
• YTD: -64.53%
• 6M: -68.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PATX

• 1D: -8.52%
• 1M: 10.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPSX vs. PATX - Yearly Performance Comparison

	2026 (YTD)
UPSX Tradr 2X Long UPST Daily ETF	-68.67%
PATX Tradr 2X Long PATH Daily ETF	-57.14%

Correlation

The correlation between UPSX and PATX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.39

Return for Risk

UPSX vs. PATX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) and Tradr 2X Long PATH Daily ETF (PATX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	UPSX	PATX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.72	+0.10

Drawdowns

UPSX vs. PATX - Drawdown Comparison

The maximum UPSX drawdown since its inception was -95.01%, which is greater than PATX's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for UPSX and PATX.

Drawdown Indicators

	UPSX	PATX	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-70.28%	-24.73%
Current Drawdown Current decline from peak	-93.01%	-57.14%	-35.87%
Average Drawdown Average peak-to-trough decline	-66.03%	-52.44%	-13.59%

Volatility

Volatility by Period

	UPSX	PATX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	140.77%	124.51%	+16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.77%	124.51%	+16.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.77%	124.51%	+16.26%

UPSX vs. PATX - Expense Ratio Comparison

UPSX has a 1.30% expense ratio, which is lower than PATX's 1.49% expense ratio.

Dividends

UPSX vs. PATX - Dividend Comparison

Neither UPSX nor PATX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPSX and PATX in my portfolio?

UPSX and PATX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPSX or PATX?

On fees, UPSX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPSX or PATX?

UPSX is cheaper with a 1.30% expense ratio, compared with 1.49% for PATX.

Which ETF pays a higher dividend yield, UPSX or PATX?

UPSX and PATX have nearly identical dividend yields, around 0.00%.

What is the main difference between UPSX and PATX?

Their fees differ too: 1.30% for UPSX and 1.49% for PATX.